Tag Archives: sales tax

Giving Herman a Pizza His Mind

From Timothy Egan at Opinionator at The New York Times:

By almost any measure — social, political, economic, logical — Herman Cain’s 9-9-9 tax plan is nuts, nuts, nuts. Go ahead and jack up the price of nearly everything that moves in the United States with a 9 percent national sales tax on all new purchases and services. Talk about instant branding: every time you buy something, you’ll be hit with the Herm Cain tax at the checkout line.

And this is just the start. The nearly 50 million filers whose main federal tax is now a payroll deduction and not an income tax would see their overall bill from the government increase by nearly 100 percent. This conclusion comes from the economists and fact-checkers who have actually looked at the napkin sketch of a plan Cain got from some accountant friend of his in Cleveland.

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What’s the Deal?

From THINK PROGRESS:

One of the organizing principles of the conservative movement revolves around always cutting taxes and resisting any moves towards raising revenues. Hundreds of conservatives have even signed Grover Norquist’s pledge to never, under any circumstances, support a tax increase.

Gov. Nathan Deal (R-GA) made tax cuts a major part of his campaign promise last fall.

Original DVD cover
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Brewin’ Up a Budget

From The Arizona Republic:

Arizona State University economist Tom Rex said Thursday that raising taxes and fees would have a less negative impact on the state’s economy than the spending cuts Gov. Jan Brewer’s budget plan proposes.

The governor relies heavily on spending reductions, including eliminating health-care coverage for more than 280,000 Medicaid recipients, to close a budget deficit her office estimates at $1.15 billion for fiscal 2012.

Brewer has said she has no choice but to recommend cuts to the Arizona Health Care Cost Containment System given the magnitude of the state’s fiscal crisis.

Original painting
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